Wartime rationing lasted until 1950, and a shortage of oil products continued until well

after independence. The governments 1948 industrial policy resolution declared the oil
industry to be an area of the economy that should be reserved for state ownership and
control, stipulating that all new units should be government owned unless specifically
authorized.

In 1959, theIndianOil Company was founded as a statutory body.Indian oil owes its
origin to the Indian governments conflict with foreign oil companies in the period
immediately following Indias independence in 1947.the leaders of the newly
independent state found that much of the countrys oil industry was effectively in the
hands of a private monopoly led by a combination of British owned oil companies
Burmah and Shell and U.S At first, itsobjective was to supply oil products to Indian state
enterprises .Then it was made responsible for the sale of the products of state
refineries. After a 1961 price war with the foreign companies, it emerged as the nations
major marketing body for the export and import of oil and gas.
The oil companies undercut IndianOils prices and left it with storage problems. Indian
Oil then offered even lower prices. The foreign companies were the ultimate losers
because the government was persuaded.
In September 1964, Indian Refineries Limited and the Indian Oil Company were merged
to form the Indian Oil Corporation .The government announced that all future refinery
partnership would be required to sell their products through Indian Oil.
It

was

widely

expected

that

Indian

Oil

and

IndiasOil

and

Natural

Gas

Commission(ONGC) would eventually be merged into a single state monopoly

company. Bothcompanies grew vastly in size and sales volume but, despite close links
they remained separate
A policy of state control was reinforced byIndias closer economic and political links with
the Soviet Union and its isolation from the mainstream of the western multinational
capitalism.
India and the USSR entered into a number of trade deals.one of the most important of
these trade pacts allowed Indian Oil to import oil from the USSR and Romania at price
lower than those prevailing in world markets and to pay in local currency, rather than
dollars or other convertible currencies.
The government decided to nationalize the countrys remaining refineries.

By the end of the 1980s, Indiasoil consumption continued to grow at 8% per year,
andIndian Oil expanded its capacity to about 150 million barrels of crude per
annum.in1989, Indian Oil announced plans to build a new refinery Para deep and
modernize the Digboi refinery, Indias oldest.
By the early 1990s, IndianOil refined, produced, and transported petroleum products
throughout India. Indian Oil produced crude oil, base oil, formula products, lubricants,
greases, and other petroleum products .it was organized into three divisions. The
refineries

and

the

pipelines

division

had

six

refineries

located

at

Guwahati,Barauni,Gujarat, Haldia, Mathura and Digboi. Together, thesix represented

45% of the countrys refining capacity. The division also laid and managed oil
pipelines .the marketing division was responsible for storage and distribution and
controlled about 60% of the total oil industry sales .the Assam oil division controlled the
marketing and distribution of the formally British - owned company.
In early 2002, Indian Oil acquired IBP, a state owned petroleum marketing company.
The firm also purchased a 26 per cent stake in financially troubled Haldia
Petrochemicals Ltd. InApril of that year,Indian Oils monopoly over crude imports ended
as deregulation of the petroleum industry came into effect .As a result; the company
faced increased competition from large international firms as well as new domestic
entrants to the market .During the first 45 days of deregulation, Indian Oil lost Rs. 7.25
billion, a signal that the Indias largest oil refinery would indeed face challenges as a
result of the changes. Nevertheless, Indian Oil management believed that the
deregulation would bring lucrative opportunities to the company and would eventually
allow it to become one of the top 100 companies on the Fortune 500- and in 2001 the
company was ranked 209 and since then Indian Oil has maintained its position in the list
with ever improving performance. Indian Oil, Indias flagship energy corporate,
continued to lead the set of Indian companies in the prestigious Fortune Global 500
listing of the worlds largest companies by sales for the year 2011 with an overall
ranking of 98.
COMPANY PROFILE

Indian Oil Corporation Ltd. is India's largest company by sales with a turnover of Rs. 3,
28,744

crore

and

profit

of

Rs.

7445.48

crore

for

the

year

2010-11.

IndianOil is the highest ranked Indian company in the latest Fortune Global 500
listings, ranked at the 98th position. IndianOil's vision is driven by a group of dynamic
leaders who have made it a name to reckon with.

IndianOil is Indias flagship national oil company, withbusiness interests straddling the
entire hydrocarbonvalue chain and the highest ranked Indian corporate in theprestigious
Fortune Global 500 listing. With over a 34,000-strong workforce, IndianOil has been
meeting Indias energydemands for over five decades. The companys operations
arestrategically structured along business verticals - Refineries, Pipelines, Marketing,
R&D and Business Development. To achieve the next level of growth, IndianOil is
currently forgingahead on a well laid-out road map through vertical integration
upstream into oil exploration & production (E&P) anddownstream into petrochemicals
and

diversification

intonatural

gas

marketing

and

alternative

energy,

besidesglobalisation of its downstream operations. Having set upsubsidiaries in Sri

Lanka, Mauritius and the United Arab Emirates (UAE), IndianOil is simultaneously
scouting for newbusiness opportunities in the energy markets of Asia and Africa.
IndianOil and its subsidiaries have a dominant share of thepetroleum products market
share, national refining capacityand the downstream sector pipelines capacity in India.
With asteady aim of maintaining its position as a market leader andproviding best
quality products and services, IndianOil iscurrently investing Rs. 47,000 crore in a host
of projects foraugmentation of refining and pipelines capacities, expansionof marketing
infrastructure and product quality up gradation.
The IndianOil Group of companies owns and operates 10 ofIndias 20 refineries and the
largest network of crude oil andprofile product pipelinesin the country,meeting the
vitalenergy

needs

ofthe

consumers

inan

efficient,economical

andenvironmentfriendlymanner.
It has a portfolio ofpowerful and much-loved energy brands that includes Indane,
LPGas, SERVO lubricants, XTRAPREMIUM petrol, XTRAMILEdiesel, etc.
IndianOil has a keen customer focus and a formidable networkof customer touch-points
dotting the landscape across urbanand rural India, backed for supplies by bulk storage
terminalsand depots, aviation fuel stations and LPGas bottling plants.IndianOils ISO9002 certified Aviation Service commands adominant market share in aviation fuel
business, successfullyservicing the needs of domestic and international flag
carriers,private airlines and the Indian Defence Services.
IndianOil has a sprawling world-class R&D Centre that isperhaps Asias finest. It
conducts pioneering work in lubricantsformulation, refinery processes, pipeline
transportation

andalternative

fuels,

and

is

also

the

nodal

agency

of

the

Indianhydrocarbon sector for ushering in a Hydrogen fuel economyin the country.

In Exploration & Production, IndianOils domestic portfolioincludes nine oil & gas blocks
and two Coal Bed Methaneblocks while the overseas portfolio consist of nine

blocksspread across Libya, Iran, Gabon, Nigeria, Timor-Leste andYemen. In addition, as

part of a consortium, IndianOil has beenawarded Project -1 in the Carabobo heavy oil
region ofVenezuela. IndianOil has entered into franchise agreements with severalCity
Gas Distribution (CGD) players to market CompressedNatural Gas through its retail
outlets. IndianOil has forayedinto alternative energy options such as wind, solar, biofuelsand nuclear power. A wind power project is currently operationalin the Kutch district
of Gujarat while a solar power initiative is being spearheaded on a pilot basis in Orissa,
Karnataka and the Northeast. Indian Oil has one of the largest captive plantations
underway for bio-fuel production in Chhattisgarh and Madhya Pradesh.
As a leading public sector enterprise of India, Indian Oil has successfully combined its
corporate social responsibility agenda with its business offerings, meeting the energy
needs of millions of people every day across the length and breadth of the country,
traversing a diversity of cultures, difficult terrains and harsh climatic conditions. The
Corporation takes pride units continuous investments in innovative technologies and
solutions for a sustainable energy flow and economic growth and in developing technoeconomically viable and environment-friendly products & services for the benefit of its
consumers
GROUP COMPANIES
Indian Oil is currently metamorphosing from a pure sectorial company with dominance
in downstream in India to a vertically integrated, transnational energy behemoth. The
Corporation is already on the way to becoming a major player in petrochemicals by
integrating its core refining business with petrochemical activities, besides making large
investments in E&P and import/marketing ventures for oil and gas in India and abroad

NAME

BUSINESS

Chennai Petroleum Corporation Limited

Refining of petroleum products

Indian Oil (Mauritius) Ltd.

Terminal ling, Retailing & Aviation refuelling

Lanka IOC PLC.

Retailing, Terminal ling& Bunkering

IOC Middle East FZE

Lube blending & marketing of petroleum

products

Indian Oil - CREDA Biofuels Limited

Plantation of Atrophy and extraction of oil for

Bio-diesel

OBJECTIVES

 To serve the national interests in oil

and related sectors in accordance and
consistent with Government policies.
To ensure maintenance of continuous
and smooth supplies of petroleum
products by way of crude oil refining,
transportation and marketing activities
and to provide appropriate assistance to consumers to conserve
and use petroleum products efficiently.
To enhance the country's self-sufficiency in crude oil refining and
build expertise in lying of crude oil and petroleum product
pipelines.
To further enhance marketing infrastructure and reseller network
for providing assured service to customers throughout the
country.
To create a strong research & development base in refinery
processes, product formulations, pipeline transportation and
alternative fuels with a view to minimizing/eliminating imports and
to have next generation products.
To optimise utilisation of refining capacity and maximize distillate
yield and gross refining margin.
To maximise utilisation of the existing facilities for improving

efficiency and increasing productivity.

To minimise fuel consumption and hydrocarbon loss in refineries
and stock loss in marketing operations to effect energy
conservation.
To earn a reasonable rate of return on investment.
To avail of all viable opportunities, both national and global,
arising out of the Government of Indias policy of liberalisation
and reforms.
To achieve higher growth through mergers, acquisitions,
integration and diversification by harnessing new business
opportunities in oil exploration & production, petrochemicals,
natural gas and downstream opportunities overseas.
To inculcate strong core values among the employees and
continuously update skill sets for full exploitation of the new
business opportunities.
To develop operational synergies with subsidiaries and joint
ventures and continuously engage across the hydrocarbon value
chain for the benefit of society at large.

OBLIGATIONS
Towards customers and dealers: - To provide prompt, courteous
and efficient service and quality products at competitive prices.

Towards suppliers: - To ensure prompt dealings with integrity,

impartiality and courtesy and help promote ancillary industries.

Towards employees: - To develop their capabilities and facilitate

their advancement through appropriate training and career
planning. To have fair dealings with recognised representatives
of employees in pursuance of healthy industrial relations
practices and sound personnel policies.

Towards community: - To develop techno-economically viable

and environment-friendly products. To maintain the highest
standards in respect of safety, environment protection and
occupational health at all production units.

Towards Defence Services:- To maintain adequate supplies to

Defence and other Para-military services during normal as well
as emergency situations

FINANCIAL OBJECTIVES
To ensure adequate return on the capital employed and maintain
a reasonable annual dividend on equity capital.
To ensure maximum economy in expenditure.
To manage and operate all facilities in an efficient manner so as
to generate adequate internal resources to meet revenue cost
and requirements for project investment, without budgetary
support.
To develop long-term corporate plans to provide for adequate

growth of the Corporations business.

To reduce the cost of production of petroleum products by means
of systematic cost control measures and thereby sustain market
leadership through cost competitiveness.
To complete all planned projects within the scheduled time and
approved cost
IndianOil Major Units
Registered Office
Registered Office

Corporate Office

IndianOil
Bhavan,
G-9, Ali Yavar Jung Marg,
Bandra (East), Mumbai -400 051

Pipelines Division
Head Office
Northern Region
Western Region

Southern Region
Eastern Region

A-1 Udyog Marg,

Sector-1, Noida-201301(Uttar Pradesh)
P.O. Panipat Refinery
Panipat -132 140 (Haryana)
P.O. Box 1007,Bedipara,
Morvi Road,Gauridad,
Rajkot-360 003 (Gujarat)
139, Nungambakkam High Road
Chennai - 600034
14, Lee Road,
Kolkata-700020

Refineries Division

Head Office

SCOPE
Complex,
Core-2
7, Institutional Area, Lodhi Road
New Delhi -110003

Barauni Refinery

P.O.
Barauni
Refinery,
Dist. Begusarai -861 114 (Bihar)

Gujarat Refinery

P.O.
Jawahar
Nagar,
Dist. Vadodara -391 320(Gujarat)

Guwahati Refinery

P.O.
Noonmati,
Guwahati-781020 (Assam)

Haldia Refinery

P.O.
Haldia
Dist.
Midnapur-721
(West Bengal)

Mathura Refinery

P.O.
Mathura
(Uttar Pradesh)

Refinery
606

Mathura Refinery,
-281
005

Panipat Refinery

P.O.
Panipat
Panipat-132140(Haryana)

Refinery,

Bongaigaon Refinery

P.O.
Dhaligaon,
Dist. Chirang, Assam - 783 385

Marketing Division
Head Office

IndianOil
G-9,
Ali
Yavar
Jung
Bandra (East), Mumbai -400 051

Northern Region

IndianOil
1,
Aurobindo
Marg,
New Delhi -110016

Eastern Region

IndianOil
2, Gariahat Road,
Kolkata -700 068

Bhavan,
Marg,

Bhavan,
Yusuf
Sarai

South

Bhavan,
(Dhakuria)

Western Region

254-C,
Dr.
Annie
Besant
Worli Colony, Mumbai -400 030

Southern Region

IndianOil
139,
Nungambakkam
Chennai -600034

Road,

Bhavan
High
Road

R&D Centre
R&D Centre

Sector 13 Faridabad -121 007

(Haryana)

Assam Oil Division

Assam Oil Division

P.O.
(Assam)

Digboi

-768

171

IBP Division
IBP Division

34-A,
Nirmal
Kolkata - 700 013

Chandra

Street,

Group Companies
1.
Indane
Gas Corporation536,
Chennai
Petroleum
Anna
Salai,
Ltd.2. Auto Gas
Teynampet, Chennai - 600 018
3.
Natural
Gas Ltd.
IndianOil
(Mauritius)
4.

Petrol/Gasoline

5.

Diesel/Gas oil

6.

ATF/Jet Fuel

Mer
Port
Mauritius

Rouge
Louis

Lanka IOC PLC

7.
8.

Lanka
IOC
Head
Office
Level
20,
West
Tower,
World
Trade
Centre,
SERVO lubricants & greases
Echelon Square, Colombo - 01,
Marine Fuels & Lubricants Sri Lanka.

Kerosene
IOC9.Middle
East FZE
10. Bulk/Industrial Fuels
11. Bitumen

IndianOil - CREDA
12. Petrochemicals
Limited

LOB- 12 114, Jebel Ali Free

Zone,
P.O.Box: 261338

Biofuels

13. Special
Products such as carbon black feedstock sulphur, etc.
MAJOR
PRODUCTS
14. Crude Oil
Indian
Oil Corporation Limited is responsible manufacturing many
products,

some major products are as follows